SG Americas Securities LLC Has $6.11 Million Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

SG Americas Securities LLC raised its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 565.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,515 shares of the company’s stock after buying an additional 96,451 shares during the period. SG Americas Securities LLC’s holdings in Smurfit Westrock were worth $6,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SW. Retirement Wealth Solutions LLC acquired a new stake in Smurfit Westrock in the fourth quarter valued at approximately $25,000. Mather Group LLC. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at $25,000. Versant Capital Management Inc bought a new stake in Smurfit Westrock in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased its position in Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after buying an additional 279 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in Smurfit Westrock during the third quarter valued at about $26,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Up 1.4 %

Shares of SW opened at $56.03 on Friday. The firm’s 50-day moving average price is $53.93. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $29.14 billion, a price-to-earnings ratio of 311.29 and a beta of 1.03. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.23). Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. The firm had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Equities research analysts expect that Smurfit Westrock Ltd will post 2.65 EPS for the current year.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the transaction, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Morgan Stanley increased their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup boosted their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Argus initiated coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

About Smurfit Westrock

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.